16 March, 2015
EXNESS has today called on the retail Forex industry to become more transparent regarding broker funds and trading volumes, so that traders can assess the financial strength of brokers and their ability to withstand market shocks.
George Tsaparillas, Director of Global Strategy and Business Development of EXNESS, comments: “This year has already been a testing time for retail Forex brokers, with many suffering losses on the back of January’s volatility in the Swiss Franc. At present, the industry is far too opaque, with traders often having no visibility of the financial performance of their broker. We believe traders deserve more transparency and that is why we are today releasing audited figures for our funds and trading volumes.”
EXNESS has today released its trading volumes, client withdrawals and partners’ rewards for the period 1 October to 31 December 2014, in addition to figures for EXNESS’ own funds on 20 January 2015. All figures are audited by Deloitte, one of the world’s leading auditing firms.
EXNESS’ trading volumes for the period were US$536 billion, with average monthly trading volumes of US$178 billion, 7% higher than the average trading volumes for the previous months in 2014.
Total client withdrawals during the period October to December 2015 were US$42 million, averaging US$14 million being withdrawn by EXNESS clients each month. Rewards paid to clients for introducing new traders to EXNESS totalled US$6.8 million over the three month period.
On 20 January 2015, EXNESS’ total funds stood at US$66 million, of which US$51 million was EXNESS’ own funds. These figures were audited after compensation was paid to clients for negative client account balances as a result of the fall in the Swiss Franc earlier in January.
George Tsaparillas comments: “With the release of these audited figures, EXNESS is one of the most transparent retail Forex brokers in the industry. Our trading volumes remained high in the final quarter of last year and, with a substantial level of own funds relative to our trading volumes, traders have a visible measure of the financial strength of the company.”
Exness is pleased to announce that its UK entity, Exness Europe Limited (EEL), has received approval from the FCA...
In the 5th installment of our series of trading improvements, we are pleased to announce that we...
Just two months after we reported the highest trading volume the Group has ever witnessed...
We are pleased to announce the release of our annual Factual Findings report as prepared by Deloitte...
As a proactive supporter of nature conservation, Exness recently renewed its partnership with World Wildlife Fund Russia, pledging funds to the conservation and reintroduction of endangered species - the polar bears and Persian leopards...
It is with great pride and excitement that we share our latest news with our valued clients and partners worldwide! With the conclusion of January, the Exness Group recorded a total monthly trading volume of US$266 billion, a figure marking our highest trading volume yet!
We have successfully concluded One+ Live trading contest with a total of 3,114 participants and a final cash prize pool of USD 33,445...
In the 3rd of our series of trading improvements, we are pleased to announce that we have significantly reduced delays in the activation of almost all pending, Stop Loss and Take Profit orders, following the completion of key technical improvements made by our team of experts...
Exness is pleased to announce the latest developments which will substantially improve our clients’ trading and allow them more freedom and flexibility to apply their trading strategies with less hindrances and limitations...
|8||Fort Financial Services||69%|